In what could bring about a major upheaval in the virtual reality arena, Facebook Inc (NASDAQ: FB ) is working on an economy Oculus VR headset, which could hit the market as early as next year, Bloomberg ...

Research firm IDC today weighs in on the market for virtual reality and augmented reality, predicting that despite somewhat limited sales to date of things such as Sony’s (SNE) “PlayStation 4” with “PSVR” headset, that the market is set to soar in coming years. IDC last offered its views on the matter three weeks ago, when it reported that consumers are “cautious” about buying into VR and AR. In today’s report, the firm opines that total sales of VR and AR headsets, including the PSVR, but also Facebook’s (FB) Oculus unit’s “Rift” unit, and HTC’s (2498TW) “Vive” headset, and, presumably, devices such as Vuzix’s (VUZI) augmented-reality headset, will sell collectively about 10 million devices this year.